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DENVER-Locally based Black Creek Communities is breaking ground on an $11 million, mixed-use public-private partnership on two parcels along Morrison Road in southwest Denver.The project will include a total of 80 affordable rental units and a retail component on one of the parcels near South Sheridan Boulevard and West Alameda Avenue at 4200 Morrison Road.

Black Creek Communities is an affiliate of Denver-based Black Creek Group. Black Creed Communities specializes in multifamily and mixed-use projects, usually featuring an affordable component for lower-income tenants.”This groundbreaking represents two years of hard work intended to help stimulate reinvestment along the Morrison Road corridor,” says Myrna Hipp, director of Denver’s Housing & Neighborhood Development Services.

Denver chose Black Creek Communities to redevelop the parcels.”The sites were formerly a salvage yard, a tavern, and some dilapidated buildings,” says Greg Glad, CFO of Black Creek. “Now that the blight has been removed, we are ready to begin a dramatic transformation like nothing seen here in the last several years.”

In addition to 80 multifamily units on the two parcels, one parcel will have about 6,000 sf of pedestrian-friendly retail space, he says.The project is scheduled to be completed by May 2004.

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